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Violation Tracker Individual Record

Company: PNC Bank N.A.
Current Parent CompanyPNC Financial Services
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $9,500,000
Year: 2016
Date: August 16, 2016
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: PNC Bank N.A. agreed to pay the United States $9.5 million to settle claims under the False Claims Act in connection with the issuance of loans guaranteed by the U.S. Small Business Administration.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Maryland
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.